Welcome, Weekenders! In this newsletter:• The Big Read: Meet the father of Claude Code• Artificial Intelligence: The hijinks around tokenmaxxing • Plus, Recommendations—our weekly pop culture picks: “Who Blew Up the Georgia Guidestones?” “Those Who Are About to Die” and “It Was Just an Accident”Over a good many years, “Silicon Valley,” the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more ›
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It’s hard to overstate how much TikTok is still driving much of the conversation around the creator economy. From questions about whether the ByteDance-owned video app can make a success of live shopping, to how much YouTube and Instagram would benefit from a U.S. government ban of TikTok, the app was a recurring topic at The Information’s Creator Economy Summit on Thursday. Of course, the creators, startup leaders and investors... Read more ›
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Hi, welcome to your Weekend.There are a lot of moments I love in Margaux’s latest cover story—an intimate portrait of TikTok chief operating officer V Pappas. Among them is a small detail about the signage found outside TikTok’s Los Angeles office. As visitors approach the building, they’re told to go left if they want to access the company’s corporate headquarters, or turn right to enter “TikTok U.S. Data Security.” Hmm...business... Read more ›
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Luca Tomescu and Selina Eshraghi spend around nine months a year as nomads. The couple just arrived in Vienna, where Tomescu, a Web3 product manager, and Eshraghi, the founder of Pandamonium Design, will remain for the next month and half. Then they will head to Romania, where Tomescu is from, for two weeks, before venturing to New York for June and then back to Austin, Texas, their home base. Needless... Read more ›
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JPMorgan Chase & Co. had a busy week on social media. The bank’s Instagram account shared a picture snapped by one of its employees, Jock G., from atop a 13,000-foot peak in Colorado. Another post showed footage of a corporate run for workers in India. Meanwhile, over at its Facebook page, the bank celebrated the crowning of Miss New Jersey USA, who happens to be a global investment strategist for... Read more ›
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V Pappas awoke to the sound of dragons. It had been one week since Pappas’ boss, Shou Zi Chew, was questioned for five grueling hours by members of Congress, and the chief operating officer of TikTok was enjoying their first vacation in months. (Pappas uses the pronouns they and them and recently changed their name to V from Vanessa.) They were sleeping in a jungle cabin in Costa Rica alongside... Read more ›
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Welcome back! This week we have the results of our latest reader survey, which showed renewed optimism about technology companies despite the damage caused by the failure of Silicon Valley Bank. Asked whether they expect conditions for technology companies to improve or worsen, respondents were almost equally divided, with roughly one-third expecting improvement, one-third expecting deterioration and one-third expecting no change. More than 1,100 readers responded to that question on... Read more ›
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A battle is looming over private equity buyout financing. After nearly a year on the sidelines, Wall Street banks are beginning to lend to private equity firms again for their buyout deals. Meanwhile, the direct lenders that stepped in to finance buyouts while the banks were absent—oftentimes PE firms themselves—are ratcheting up the amount of money they’re willing to lend for such deals. Apollo Global Management, for example, has recently... Read more ›
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Those CEO apologies we’ve become used to seeing whenever a company announces layoffs are getting even more elaborate. BuzzFeed founder and CEO Jonah Peretti, for instance, had quite a doozy of a mea culpa today as he announced the shuttering of BuzzFeed News and another round of layoffs at the digital media firm. After counting off all the challenges the company has faced—a pandemic, a tough economy and so on—he... Read more ›
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The Information’s Creator Economy Summit was hopping Thursday, with more than 400 attendees in Los Angeles in attendance. Among the topics: TikTok, live shopping, the future of creator economy startups and generative AI. We’ll go more into some of the sessions’ in next week’s newsletters, but here are some of the early highlights:• TikTok is open to working with big retail partners including Walmart to make the app a shopping... Read more ›
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TikTok has ambitions to transform its app into a U.S. shopping destination and is open to working with big retail partners including Walmart to make that happen, according to TikTok’s head shopping executive in the U.S. “If anyone from Walmart is here, come talk to me,” Sandie Hawkins, TikTok’s general manager of U.S. e-commerce, said at The Information’s Creator Economy Summit, getting laughter in response. Hawkins said the company has... Read more ›
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The father of one of TikTok’s biggest stars said the U.S. government should “butt out” of the operations of the app, which is facing a potential ban. Marc D’Amelio and his wife, Heidi, rose to fame as the parents of viral TikTok stars Charli and Dixie D’Amelio, who collectively have more than 200 million followers on the app. Along with their kids, Marc and Heidi D’Amelio produce content for multiple... Read more ›
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BuzzFeed, like much of the digital media industry, is moving into survival mode. BuzzFeed said Thursday it would shutter BuzzFeed News, the highest-profile part of its business but one that loses money. The move is part of a broader effort to reduce losses, which also includes laying off 15% of its staff, or 180 people. The cutbacks spotlight the financial pressures on BuzzFeed and are likely to intensify investor pressure... Read more ›
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Weaviate, an infrastructure startup whose technology is essential for companies trying to build generative AI tools, could probably have landed a higher valuation for its recent Series B given all the investor hype around AI right now. Instead, CEO and co-founder Bob van Luijt said he struck a quick deal after meeting with only three firms. Index Ventures led the $50 million round that closed earlier this month.The four-year-old’s Series... Read more ›
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The U.S. is the best country in the world for entrepreneurs. Yet it’s also a country that goes out of its way to prevent many of the most promising would-be entrepreneurs from realizing their potential. Every year, the U.S. grants H-1B visas to 85,000 highly skilled foreign workers, nearly 70% of whom come to this country to work in the tech industry. In my experience, these are some of the... Read more ›
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Tiger Global Management’s $12.7 billion venture fund, launched near the peak of the tech stock boom in October 2021, gave the New York hedge fund firepower to back hundreds of startups in under two years. Now the mammoth fund is bearing testimony to the bruising correction in private tech valuations that followed. Tiger has told investors the fund had a paper loss of 20%, net of management fees, as of... Read more ›
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The rise of electric vehicles has spawned a small recycling industry to extract and sell nickel, cobalt and lithium from discarded EV batteries and prevent them from ending up in landfills. But recyclers and their customers have struggled with a vexing question: How much should recycled battery material cost?Metals have been widely traded for thousands of years, and prices are set on a global market. But the dark, gooey substance... Read more ›
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Be still, my beating heart. Is that the sound of the IPO market stirring? We scooped the news today that event-ticketing firm SeatGeek had filed confidentially with regulators to go public, just a few of days after blockchain firm Chia Network Inc. said it had done the same. (For more on Chia, see our Crypto Global newsletter today). A long queue of other companies was already waiting for the right... Read more ›
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Police in northern California last month arrested Igor Babuschkin, Elon Musk’s first known hire for a new company that aims to compete with artificial intelligence startup OpenAI, for domestic battery, public records show. A representative for the Santa Clara County District Attorney’s office, Lisa Buuck, said the office had reviewed the case and had no plans to charge Babuschkin with a crime. The arrest, which took place in Palo Alto,... Read more ›
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Erin Woo here, reporting from Snap’s Partner Summit in sunny Santa Monica, Calif. The big news for creators from the one-day developer conference: Snapchat is doubling down on sharing revenue from ads inserted into creators’ disappearing Stories to incentivize them to keep posting on the app. Snapchatters with at least 50,000 followers and 25 million monthly Snap views and who post at least 10 stories a month can get revenue... Read more ›
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Event ticketing company SeatGeek filed confidentially with regulators this month for an initial public offering, people familiar with the matter said, adding itself to a long list of firms aiming for IPOs once market conditions improve. Read more ›
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13.04.2026 04:38
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